Compare Today’s Mortgage Rates for Cullman, Alabama

Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Cullman, Alabama 35058. Pureloan also provides a listing of the best mortgage brokers in your area and a detailed analysis of your future home loan payments. For a 30-year fixed loan, you may expect to have lifetime cash savings of $4,644 or $13 / month in Cullman and other areas of Cullman county.

Our search engine explores all home mortgage options in Cullman, Alabama 35058, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.

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Summary of Average Mortgage Terms in Cullman, Alabama 35058

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive and Personalized Mortage Rates Analysis

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Cullman, AL 35058, Pureloan has created an interactive chart to track the 5 largest nationwide lenders. Historical rates are based on closed mortgage financings, and projections are based on proprietary modeling.

Historical Mortgage Rates for Cullman, Alabama 35058 from 2012 - 2019

We have compiled mortgage rate charts for home loans in Cullman, Alabama and around Cullman county to help you understand trends for your home purchase process. This data is produced from actual closed loans.

2013 2014 2015 2016 2017 2018 2019 2020
% 30 year fixed mortgage 89.44% 85.94% 83.88% 87.56% 87.25% 89.46% 87.61% 91.70%
avg mortgage rate 4.93% 4.61% 3.92% 4.00% 4.49% 4.16% 3.96% 4.19%
% 15 year fixed mortgage 9.63% 11.65% 12.17% 10.37% 10.74% 7.98% 10.26% 7.92%
avg mortgage rate 4.34% 4.03% 3.15% 3.08% 3.47% 3.27% 3.16% 3.34%
Avg credit score 763.17 761.86 755.86 756.13 753.85 750.26 749.83 750.17
Avg LTV (loan to value) 78.03% 77.76% 80.38% 82.19% 84.12% 84.16% 83.51% 83.32%
Avg DTI (debt to income) 30.69 30.81 30.22 31.14 31.17 31.78 31.26 32.00
% First time homebuyer 24.22% 26.10% 26.64% 30.88% 25.67% 20.80% 22.65% 17.36%
Avg mortgage insurance % 6.31% 6.49% 9.29% 11.71% 14.94% 15.03% 14.34% 14.02%

Data produced from the Financial Report of the US Government

Best Mortgage Brokers Around Cullman, Alabama 35058

If you’re looking to buy a new home in Cullman, we have compiled a list of the leading mortgage brokers around Cullman, Alabama 35058 to help you with your search.

Name
Address
Contact

Tower Loan

2132 2nd Ave NW

Cullman AL 35058

(256) 255-5570

http://towerloan.com

Cherokee Mortgage Co.

1801 Cherokee Ave SW

Cullman AL 35058

(256) 739-2815

Regional Finance Corporation of Cullman

1710 2nd Ave SW

Cullman AL 35058

(256) 734-5108

Complete Cash

1212 2nd Ave NW

Cullman AL 35058

(256) 727-6365

Covington Credit

1400 2nd Ave NW

Cullman AL 35058

(256) 736-2071

Address

2132 2nd Ave NW

Cullman AL

Contact

(256) 255-5570

http://towerloan.com

Address

1801 Cherokee Ave SW

Cullman AL

Contact

(256) 739-2815

Address

1710 2nd Ave SW

Cullman AL

Contact

(256) 734-5108

News on Mortgages and Reverse Mortgages for Cullman, Alabama 35058